 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Taipei (AFP) Dec 9, 2010 Taiwan's AU Optronics (AUO) said Thursday it would appeal against a fine imposed by the European Commission for price-fixing of LCD flat screens for Europe's TVs and computers. AUO said it was planning to file an appeal against the fine of 116.8 million euros (155 million dollars) in the General Court in Luxembourg in a statement posted on the Taiwan Stock Exchange. It expected the legal process to take at least two years and added that the European decision was not expected to affect its operations. The European Commission on Wednesday slapped fines totalling 649 million euros (860 million dollars) on AUO, Taiwan's Chimei InnoLux Corporation, Chunghwa Picture Tubes, HannStar Display Corporation, and South Korea's LG Display. The other Taiwanese firms said they were considering whether to appeal while the fines were not expected to have any major impact on their operations. Europe's competition watchdog accused the firms of running a cartel between October 2001 and February 2006 that fixed prices, harming European buyers of televisions and computers equipped with liquid crystal displays. The companies held monthly meetings to agree on price ranges and minimum prices, and traded information on future production planning, capacity utilisation, pricing and other commercial conditions, the commission said. The leader in the LCD business, South Korea's Samsung Electronics, was also accused of being part of the cartel but escaped cash sanctions for coming forward first with information on the alleged scheme.
Share This Article With Planet Earth
Related Links Global Trade News
Chase for India's rural rupee inspires tech innovationsNew Delhi (AFP) Dec 7, 2010 India's hunger for new technology is as sharp in its countless small villages as in its shiny office towers or shopping malls - and businesses are waking up to an area of massive potential growth. Specific designs being aimed at Indian villagers include a mobile phone cash-transfer system, robust low-energy refrigerators and a clever twist on the humble kitchen stove. Household cook Shi ... read more |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
del.icio.us
Digg
Reddit
YahooMyWeb
Google
Facebook
